Acquisition Expands PNC's Presence in Strategic Mid-Atlantic Corridor
PITTSBURGH, March 11 /PRNewswire-FirstCall/ -- The PNC Financial
Services Group, Inc. (NYSE: PNC) today announced that it has completed the
conversion of all The Yardville National Bank's (YNB) branches and clients
to PNC.
"The integration of YNB into PNC extends our valuable Mid-Atlantic
banking franchise, adds to our strength and expands our ability to deliver
products and services to this rapidly growing and affluent region," said
PNC President Joseph C. Guyaux.
Between close of business on March 7 and reopening of branches on March
10, PNC converted 31 YNB branches and approximately 40,000 customer
accounts to PNC Bank.
The PNC Financial Services Group, Inc. (http://www.pnc.com/) is one of
the nation's largest diversified financial services organizations providing
retail and business banking; specialized services for corporations and
government entities, including corporate banking, real estate finance and
asset-based lending; wealth management; asset management and global fund
services.
ADDITIONAL INFORMATION ABOUT THE PNC/STERLING FINANCIAL CORPORATION
TRANSACTION
The PNC Financial Services Group, Inc. and Sterling Financial
Corporation have filed a proxy statement/prospectus and other relevant
documents concerning the merger with the United States Securities and
Exchange Commission (the "SEC"). WE URGE INVESTORS TO READ THE PROXY
STATEMENT/PROSPECTUS (WHICH WAS FIRST MAILED TO STERLING SHAREHOLDERS ON OR
ABOUT FEBRUARY 13, 2008) AND ANY OTHER DOCUMENTS FILED WITH THE SEC IN
CONNECTION WITH THE MERGER OR INCORPORATED BY REFERENCE IN THE PROXY
STATEMENT/PROSPECTUS, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION.
Investors may obtain these documents free of charge at the SEC's Web
site (http://www.sec.gov). In addition, documents filed with the SEC by The PNC
Financial Services Group, Inc. will be available free of charge from
Shareholder Relations at (800) 843-2206. Documents filed with the SEC by
Sterling Financial Corporation will be available free of charge from
Sterling Financial Corporation by contacting Shareholder Relations at (877)
248-6420.
The directors, executive officers, and certain other members of
management and employees of Sterling Financial Corporation are participants
in the solicitation of proxies in favor of the merger from the shareholders
of Sterling Financial Corporation. Information about the directors and
executive officers of Sterling Financial Corporation is included in the
proxy statement for its May 8, 2007 annual meeting of shareholders, which
was filed with the SEC on April 2, 2007. Additional information regarding
the interests of such participants is included in the proxy
statement/prospectus and the other relevant documents filed with the SEC.
SOURCE The PNC Financial Services Group, Inc.
 back to top
Related links:
http://www.pnc.com/
http://www.prnewswire.com/comp/701257.html/
CONTACT:
MEDIA: Fred Solomon, +1-412-762-4550,
corporate.communications@pnc.com, or INVESTORS: William H.
Callihan, +1-412-762-8257, investor.relations@pnc.com, both of
The PNC Financial Services Group, Inc.
|
